UOB Group has entered an agreement to sell UOB Asset Management (UOBAM) to Allianz Global Investors (AGI) for $555m. Under a strategic distribution partnership, UOB will work with AGI to offer investment products and solutions to the bank’s regional customer base of more than eight million. All 500 UOBAM employees across the region will transfer to the asset manager, which has committed to maintaining their employment. UOBAM had approximately $42b in assets under management as of 31 December 2025. It has been part of UOB Group for 40 years.